Individuals elected by a corporation's shareholders to oversee the management of the corporation. The members of a directorate are paid in cash and/or stock, meet several times each year, and assume legal responsibility for corporate activities. also called board of directors.

Use directorate in a sentence

You need to make sure that you follow any directorate that has been put in place so that you don't break the rules.

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The directorate conducted a meeting to discuss the future possibility of expanding operations into foreign markets such as south america.

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The shareholders elected John to the directorate. He had the companies responsibilities on his back now being in a position to vote for changes.

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